This year’s World Maritime Day was celebrated last Friday on 24 September in the form of an online event. A global audience heard how innovation, the maritime workforce and the role of industry and governments can work to realise shipping's sustainable future. They raised issues and highlighted solutions facing shipping, particularly...
Ghana has been selected among only four initial countries across the world to receive financial support from the COVID-19 Private Sector Global Facility, which was established by the United Nations Development Programme (UNDP), the United Nations Global Compact (UN Global Compact) and the International Chamber of Commerce (ICC). The other...
“Investment and Trade for Africa’s Economic Development” – a public webinar held on Wednesday – targeted opportunities for cross-border collaboration between Africa and Germany. The African Export-Import Bank announced its plans to sign a Memorandum of Understanding with German car manufacturers to establish an automotive industry in Africa; the Germany-Africa...
Since World War II, the global economy has performed beyond the wildest dreams of its post-war architects, yielding unprecedented gains in health, education, living standards, poverty reduction, and wealth. Central to this success was the growth and liberalization of international trade, which was made possible with US leadership in...
The United Nations Development Programme (UNDP), the United Nations Global Compact (UN Global Compact) and the International Chamber of Commerce (ICC) have established the COVID-19 Private Sector Global Facility, a global initiative and collaboration bringing together public and private sector partners to help local communities recover better from the...
The Malta High Commission in Accra yesterday, September 21, celebrated the 56th Independence Anniversary of Malta (Malta Day) with a firm commitment to facilitate more mutually beneficial exchanges between the peoples of Ghana and Malta. According to the Maltese High Commissioner to Ghana, His Excellency, Jean Claude Galea Mallia “Facilitating...
Regional economic integration is predicated on the important principles of competition and the reallocation of resources. Efficiency results from less inefficient producers being push out of an area of economic activity into other areas where their resources might be better invested. Many however, see regional integration as complementary economic...
-As Vice Prez calls for new areas of cooperation Trade between Ghana and the Peoples Republic of China is now estimated at US$7.5billion, recorded in 2019, as the latter also tops as the country’s largest investor by registered projects, Vice President Dr. Mahamudu Bawumia has revealed. According to Dr. Bawumia,...
The manufacturing sector for any economy is considered the backbone of economic development. Manufacturing industries do not only help in modernizing agriculture, they also reduce the heavy dependence of people on agricultural income. In 2017, it was estimated that the manufacturing Industry in Ghana accounts for about 25.3% of total GDP. Ghana's industrial...
The African Continental Free Trade Area (AfCFTA) agreement was signed on March 21, 2018, by 44 member-countries: to create a continental market for goods and services, with free movement of people and capital; as well as facilitate space for the creation of a Customs Union. This trade area is...